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by cryptica
1949 days ago
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Facebook is not an advertising company. They're a parasitic revenue laundering company. They feed off the cashflow of soon-to-be-bankrupt startups as part of giant global VC-fueled pyramid money laundering scheme. Founders get paid to take huge loans on their startup's books and run their startups straight into the ground while laundering all their capital to beef up Facebook's revenue for the benefit of big VCs and their crony capitalist friends who own Facebook shares. The shell company's employees and regular tax payers (who lose value via monetary inflation caused by these dubious bank loans) take the fall while all the key participants of the scheme get off scot free. Rince and repeat; real definition of 'serial entrepreneur'. |
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Google, as it exists now, is the natural outcome of this process.